GP Eco Solutions India Limited IPO
NSE SMEListed On: Jun 24, 2024 at ₹ 375.0
₹ 225600 /2400 Shares
*Min Investment
14 Jun, 2024
Open Date19 Jun, 2024
Close Date20 Jun, 2024
Allotment Date24 Jun, 2024
Listing DateGP Eco Solutions India Limited IPO Issue Details
- Issue Price ₹90-94 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 32,76,000 shares(aggregating up to ₹30.79 crore)
- Fresh Share 32,76,000 shares(aggregating up to ₹30.79 crore)
- Listing at NSE SME
- List Price 375.0
- Listing Date 2024-06-24
- Lead Manager Corporate Capitalventures Pvt Ltd
- Registrar Bigshare Services Pvt Ltd
Market Lot Size
Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1200 | ₹1,12,800 |
| Retail(max) | 1 | 1200 | ₹1,12,800 |
| NII (min) | 2 | 2,400 | ₹2,25,600 |
GP Eco Solutions India Limited IPO Reservation
GP Eco Solutions India Limited IPO offers total 3,276,000 shares. Out of which 589,200 (17.99%) allocated to QIB, 444,000 (13.55%) allocated to NII,1,032,000 (31.5%) allocated to RII, NA (NA%) allocated to employees and 883,200 (26.96%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 883,200 (26.96%) | |
| Market Maker Shares Offered | 327,600 (10%) | |
| QIB Shares Offered | 589,200 (17.99%) | |
| NII (HNI) Shares Offered | 444,000 (13.55%) | |
| Retail Shares Offered | 1,032,000 (31.5%) | |
| Total Shares Offered | 3,276,000 (100%) |
GP Eco Solutions India Limited IPO Details
GP Eco Solutions India Limited IPO is an SME IPO, priced at ₹90-94 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 32,76,000 equity shares, aggregating up to ₹30.79 crores..
The IPO bidding window is open from Jun 14, 2024 to Jun 19, 2024. The allotment is expected to be finalized on Jun 20, 2024, and the tentative listing date is Jun 24, 2024.
The minimum lot size for Retail investors is 1200 shares, with a minimum investment of ₹1,12,800. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,25,600.
Corporate Capitalventures Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Ss Corporate Securities Limited will act as the market maker for this issue.
GP Eco Solutions India Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 589,200 / 444,000 | 1,032,000 | 2,065,200 |
Day 1 14-06-24 06:00 PM | 2.95 / 76.14 x | 89.46 x | 61.92 x |
Day 2 18-06-24 06:00 PM | 9.48 / 390.36 x | 356.46 x | 264.75 x |
Day 3 19-06-24 06:00 PM | 236.64 / 1825.61 x | 793.20 x | 856.37 x |
GP Eco Solutions India Limited Valuations
GP Eco Solutions India Limited Company Financials
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 4,715.19 | 1,904.89 | 1,429.81 |
| Revenue | 10,447.63 | 8,352.99 | 4,652.91 |
| Profit After Tax | 369.82 | 277.17 | 96.94 |
| Net Worth | 824.81 | 454.98 | 177.81 |
| Reserves & Surplus | 804.81 | 434.98 | 157.81 |
| Total Borrowing | 1,316.52 | 517.55 | 351.37 |
About GP Eco Solutions India Limited Company
GP Eco Solutions India Limited was established in 2010 and sells solar inverters and solar panels.
The company provides solar energy solutions by offering complete EPC services to commercial and residential customers. The company also distributes hybrid solar inverters and lithium ferro-phosphate (LFP) batteries under its own Invergy brand. Invergy is involved in the OEM manufacturing of hybrid and LFP products.
The company is authorized dealer for solar inverters products of Sungrow India Pvt Ltd or Sungrow in North India and Saatvik Green Energy Private Limited or Saatvik and LONGi Solar Technology Co Ltd or LONGI in the case of a solar panel North India.
GP Eco Solutions India Limited - Promoter(s)
Mr. Deepak Pandey
Mrs. Anju Pandey
Mr. Astik Mani Tripathi
Pre Issue Share Holding : 86.40%
Post Issue Share Holding : 62.23%
GP Eco Solutions India Limited IPO - Issue Objectives
To Meet Working Capital requirements of the Company
Investment in the subsidiary, Invergy India Private Limited (IIPL) in relation to Purchase of Plant & Machineries and other Miscellaneous Assets and also towards Construction / Civil Works for its facility
General Corporate Expenses.
GP Eco Solutions India Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| GP Eco Solutions India Limited | 5.14 | 5.14 | 11.46 | N/A | 57.79 | 8.2 | Standalone |
| Sungarner Energies Limited | 6.35 | 6.35 | 19.1 | 59.14 | 23.18 | N/A | Standalone |
Notes:
- The P/E Ratio is calculated based on the Listing day closing price.
- Source for GP Eco Solutions India Limited: Based on the restated financial statements of the Company for the year ended F.Y 2022-23.
Contact Details
GP Eco Solutions India Limited
B-39, Sector-59, Gautam Buddha Nagar, Noida - 201301
+91 - 8960095217
Registrar Contact Details
Bigshare Services Pvt Ltd
+91-22-6263 8200
GP Eco Solutions India Limited IPO - FAQs
Ans. GP Eco Solutions India Limited IPO is a SME IPO. The issue is priced at ₹90-94 per equity share. The minimum order quantity is 1200 Shares. The IPO opens on Jun 14, 2024, and closes on Jun 19, 2024. Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The GP Eco Solutions India Limited IPO opens on Jun 14, 2024 and closes on Jun 19, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of GP Eco Solutions India Limited IPO is 3,276,000 shares(aggregating up to ₹30.79 Cr).
Ans. The GP Eco Solutions India Limited IPO price band is set between ₹90-94 per equity share.
Ans. To apply for GP Eco Solutions India Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find GP Eco Solutions India Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of GP Eco Solutions India Limited IPO is Jun 20, 2024.
Ans. The GP Eco Solutions India Limited IPO will be listed on Jun 24, 2024.
Ans. Follow the steps to check the GP Eco Solutions India Limited IPO allotment status online.
